Saturday, December 14, 2013

Wall Street is Already Investing Hundreds of Millions of Dollars in Digital Currencies.

Well, apparently the exact same cretins that have repeatedly plunged the United States of America into economic destruction  now have digital currency in their cross-hairs. Wall Street insiders are beginning to sink significant amounts of capital into this new, digital gold. Almost one hundred million dollars has already been invested, albeit indirectly, utilizing just one firm. SecondMarket, an online firm mainly dealing with private stocks, recently formed an online trust that invests 100% solely in Bitcoin…the Bitcoin Investment Trust. Basically, the "trust" seems to allow "accredited" clients to buy, sell and trade the cryptocurrency without being tied to any actual Bitcoin wallet. And just for the record, the term "accredited" is defined as having over a million dollars worth of managed investments (besides the value of their primary real estate, of course)…in other words, a Wall Street "Good Old Boy." Remember the Winklevoss Bitcoin Trust concept? There's a novel idea: the Winklevoss twins and the word trust...go figure? There has also been recent foray into using Bitcoin as IRA investments via the Entrust Group, Pensco Trust, and a few others…just a toe or two to test the water for now. It's only a matter of time before those same digital assets, including altcoins like Litecoin and Peercoin, become an integral part of the investment platform for every Wall Street bank, trust, group, firm and fund. Look out. There's blood in the water and the sharks are circling. I think it would be a safe bet to realize that if Wall Street and Congress keep winking and nodding then the same underhanded scheming will apply in the new digital realm that also applies to precious metals and fiat currency…Squeeze short term gains using whatever means necessary and at the same time passing enormous debts of long term consequences on to people who haven't even been born yet. Perhaps it's time for another way...

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